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Relating to the distribution to the Texas Racing Commission of
certain money deducted from simulcast pari-mutuel pools.
No fiscal implication to the State is anticipated.
Simulcast pari-mutuel betting is a type of gambling, mostly on horse racing and greyhound racing, that is legal in Texas. Under current statute, a percentage of the pool for each pari-mutuel pool is deducted and set aside for the state. This bill would specifically dedicate those funds to the Texas Racing Commission which is the regulatory body which oversees legal simulcast pari-mutuel gambling.
Texas Action remains neutral on HB 1995 as it does not affect our liberty principles.